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McKESSON CORPORATION
FINANCIAL NOTES (Continued)
103
Revenues and property, plant and equipment by geographic areas were as follows:
Years Ended March 31,
(In millions) 2012 2011 2010
Revenues
United States $ 112,230 $ 102,089 $ 99,387
International 10,504 9,995 9,315
Total $ 122,734 $ 112,084 $ 108,702
Property, plant and equipment, net, at year end
United States $ 952 $ 901 $ 764
International 91 90 87
Total $ 1,043 $ 991 $ 851
International operations primarily consist of our operations in Canada, the United Kingdom, Ireland, other
European countries, Asia Pacific and Israel. We also have an equity-held investment (Nadro) in Mexico. Net
revenues were attributed to geographic areas based on the customers’ shipment locations.
23. Quarterly Financial Information (Unaudited)
(In millions, except per share amounts)
First
Quarter
Second
Quarter
Third
Quarter
Fourth
Quarter
Fiscal 2012
Revenues $ 29,980 $ 30,216 $ 30,839 $ 31,699
Gross profit 1,509 1,647 1,566 1,845
N
et income (1)(2) 286 296 300 521
Earnings per common share (1)(2)(6)
Diluted $ 1.13 $ 1.18 $ 1.20 $ 2.09
Basic 1.15 1.20 1.22 2.14
Fiscal 2011
Revenues $ 27,450 $ 27,534 $ 28,247 $ 28,853
Gross profit 1,392 1,366 1,461 1,751
N
et income (1)(3)(4)(5) 298 327 155 422
Earnings per common share (1)(3)(4)(5)(6)
Diluted
Continuing operations $ 1.10 $ 0.97 $ 0.60 $ 1.62
Discontinued operation (5) — 0.28 ——
Total $ 1.10 $ 1.25 $ 0.60 $ 1.62
Earnings per common share (1)(3)(4)(5)(6)
Basic
Continuing operations $ 1.12 $ 0.99 $ 0.61 $ 1.65
Discontinued operation (5) — 0.28 ——
Total $ 1.12 $ 1.27 $ 0.61 $ 1.65
(1) Financial results for the second, third and fourth quarters of 2012 include AWP litigation charges of $118 million pre-tax
($77 million after-tax), $27 million pre-tax ($15 million after-tax) and $4 million pre-tax (benefit of $32 million after-tax),
which were recorded in operating expenses. Financial results for the second and third quarters of 2011 include AWP
litigation charges of $24 million pre-tax ($16 million after-tax) and $189 million pre-tax ($133 million after-tax), which
were recorded in operating expenses.
(2) Financial results for the third and fourth quarters of 2012 include product alignment charges of $42 million and $9 million.
(3) Financial results for the first quarter of 2011 include the receipt of $51 million representing our share of a settlement of an
antitrust class action lawsuit brought against a drug manufacturer, which was recorded as a reduction to cost of sales.
(4) Financial results for the second quarter of 2011 include a $72 million asset impairment charge for capitalized software held
for sale, which was recorded to cost of sales.
(5) Financial results for the second quarter of 2011 include a $95 million pre-tax ($72 million after-tax) gain from the sale of
MAP.
(6) Certain computations may reflect rounding adjustments.